Bitcoin since its invention has become the talk of the town in almost every country. The price of the most volatile and the major digital asset has fluctuated voluminously many times. The year 2019 ended in hope for 2020 price rally which seems a reality now.
Reportedly, on Jan 6, Bitcoin had moved from $7,358 to almost $8000 during the U.S. sundown trading session. In fact, from the past week, many analysts are watching the graph of Bitcoin and commenting about the possible fluctuations which can probably flip to $7,450 and lead to resistance to support. However, few hinted, it could go higher from $8000.
Bitcoin Pointing Forthcoming Surprises
Bitcoin is showing signs of an upward trend and has jumped over the barriers of 200-day which was going down since November 21, 2019, when this virtual asset traded for $8,200. Although, the movie is average, but suggesting a sustained move, as per the current chart. On Jan 6, BTC has successfully pulled its price from $7000 to $8000 and has given high hope to bulls to trade with an assertion.